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Barrick Gold recommends shareholders reject mini-tender offer by TRC Capital
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Barrick Gold recommends shareholders reject mini-tender offer by TRC Capital
Jan 13, 2025 4:47 AM

Jan 13 (Reuters) - Barrick Gold ( GOLD ) on Monday

recommended that its shareholders reject an unsolicited offer by

TRC Capital Investment to buy about 0.29% of the miner's common

stock.

The gold miner said it had received notice of an unsolicited

mini-tender offer made by TRC Capital to purchase up to 5

million of Barrick's common shares, adding that it was at a

below-market price of C$21.35 apiece.

TRC Capital has made several similar unsolicited mini-tender

offers for shares of other public companies including Occidental

Petroleum ( OXY ) and Johnson & Johnson ( JNJ ).

A mini tender is an offer to purchase no more than 5% of a

company's shares.

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